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Single Phase Residential Voltage Regulator Market Trends

Report ID: GMI9922
Published Date: Jun 2024
Report Format: PDF

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Single Phase Residential Voltage Regulator Market Trends

The industry is experiencing notable growth owing to rapid urbanization and the development of new residential establishments. Ongoing modernization of power grid infrastructure to handle higher loads coupled with continuous integration of renewable energy sources will positively influence the market penetration of residential voltage regulators. Moreover, growing power surges and outages in line with grid instability or natural disasters occurrence will proliferate the industry scenario.

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of single-phase residential voltage regulator was reached USD 133.2 million in 2023 and is projected to grow at 7.8% CAGR during 2024 to 2032, driven by the growing demand for efficient & reliable power supply source.

Switching single phase residential voltage regulator market size will exceed USD 150 million by 2032, driven by the growing need for efficient voltage regulators to protect household electronic and maintain power continuity.

APAC single phase residential voltage regulator market gained significant traction in 2023 and is set to surpass USD 70 million by 2032, driven by the growing adoption of electric vehicles in line with the escalating demand for robust charging infrastructure.

NXP Semiconductors, Purevolt, Ricoh USA, Inc, ROHM Co. Ltd, SEMTECH, Siemens, Sollatek, STMicroelectronics, TOREX SEMICONDUCTOR LTD, Vicor, and Vishay Intertechnology, Inc. among others.